Sale Value of Motor vehicle whether in cash, cheque or in any other mode of receipt

Exceeding Rs. 10 Lakhs per transaction

0.00%

1.00%

Notes

1. Surcharges & Education Cess

Type of Payment

Surcharge

Rate

Education Cess (3.00%)

Salary (Resident & Non- resident)

Upto 1cr

Nil

Yes

> 1 Crore

10%

Other Payments to Residents

No

Nil

No

Other Payments to Non-Residents

Payment to Non-Residents (other than Cos)

Upto 1cr

Nil

Yes

> 1 Crore

10%

Payments to Foreign Co.

Upto 1cr

Nil

Yes

> 1 Crore

2%

> 10 Crores

5%

2. Nil Deduction entries of transporters also to be shown in Form 26Q.
3. TDS @ 20%(minimum) where PAN not furnished.
4. Benefit of Marginal Relief from surcharge shall be available where income exceeds 1 cr.